monday Archives | AutoDepot

Filed under: Europe, Earnings/Financials, Fiat

According to Bloomberg, Monday will be an interesting day for Fiat. January 3, 2011 marks the day that investors will be able to assign value to the stocks of the newly split company. Fiat Industrial SpA, which includes Iveco trucks and CNH Global NV (Case, New Holland), has officially separated from the company’s automotive arm. Early estimates seem to indicate that the truck and tractor section of Fiat will likely open at €9.40 per share ($12.59 USD), while Fiat automotive is expected to start trading at €6.65 ($8.92). If true, that means that the two companies will begin trading at roughly 7.1 percent more than what the old unified Fiat saw at the close of trading on Wednesday.

The split marks the largest change in the 111-year history of Fiat, and investors who currently own stock in Fiat SpA will also receive equivalent shares in Fiat Industrial SpA. Regardless of how the two stocks open, analysts expect to see plenty of fluctuations in prices for the first day or two as investors try to get a handle on the change.

[Source: Bloomberg]

Report: Stock volatility expected to greet Fiat company split on Monday originally appeared on Autoblog on Sat, 01 Jan 2011 17:56:00 EST. Please see our terms for use of feeds.

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Filed under: Sedan, Hatchback, Audi, Luxury

2011 Audi A7 Sportback – Click above for image gallery

Tomorrow afternoon, Audi will formally unveil the new A7 Sportback at a museum in Munich. While that fanfare will go on as scheduled, as is so often the case nowadays, the big reveal has been undercut somewhat as leaked official images have made their way onto the web a day early. Carscoop.com has posted four shots of the A7 Sportback, giving us the first solid looks at the production car’s bodywork and interior. As you can see, the five-door A7 remains true to the concept car that made its debut at the 2009 Detroit Auto Show.

Carscoop further reports that the Audi A7 Sportback is a four-seater only, and will be offered with a selection of gas and diesel V6 engines (in European guise, we assume). We’ll have full details and more images tomorrow once the car gets unveiled at 2:30 PM Eastern. In the meantime, have a gander at the leaked shots below to whet your appetite. Top tip, Rally!

Gallery: Audi A7 Sportback leaked photos

Gallery: Detroit 2009: Audi Sportback Concept

[Source: Carscoop]

Audi A7 Sportback images leaked ahead of Monday reveal originally appeared on Autoblog on Sun, 25 Jul 2010 09:34:00 EST. Please see our terms for use of feeds.

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